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Earnings Reports Influencing Stock Predictions for September

Upcoming earnings reports indicate varying trends across companies, with some projected increases in EPS while others face declines. This divergence may impact stock prices significantly.

Date: 
AI Rating:   5

The upcoming earnings reports for several companies provide insights into their financial performance, which could directly affect their stock prices.

Earnings Per Share (EPS)

  • Toro Company (TTC): Expected EPS of $1.23, a 29.47% increase year-over-year, indicating strong earnings growth.
  • Science Applications International Corporation (SAIC): Expected EPS of $1.86, a decrease of 9.27% year-over-year, reflecting potential struggles in maintaining profitability.
  • NIO Inc. (NIO): Projected EPS of -$0.46, an increase of 9.80% compared to the previous year, although still negative.
  • Korn Ferry (KFY): Projected EPS of $1.12, a 13.13% increase, signifying robust performance as they have consistently beaten expectations over the past year.
  • G-III Apparel Group, LTD. (GIII): Expected EPS of $0.28, a major decline of 30.00% compared to last year, indicating potential challenges.
  • Shoe Carnival, Inc. (SCVL): Expected EPS of $0.80, with a 12.68% increase year-over-year, suggesting positive growth trends.
  • Lands' End, Inc. (LE): Projected EPS of -$0.10, which is worse than last year’s -$0.25, indicating continued difficulties.
  • Methode Electronics, Inc. (MEI): Projected EPS of -$0.28, representing a significant 566.67% decrease from last year, a concerning signal for potential investors.
  • VersaBank (VBNK): Expected EPS of $0.34, a 21.43% increase year-over-year, which is a positive signal in the banking sector.
  • FuelCell Energy, Inc. (FCEL): Expected EPS of -$0.08, a 33.33% decrease compared to the same quarter last year, signaling ongoing challenges.
  • Hooker Furnishings Corporation (HOFT): Projected EPS of -$0.05, a 171.43% decrease year-over-year, reflecting significant underperformance.
  • SecureWorks Corp. (SCWX): Expected EPS of -$0.05, but with a 70.59% increase from last year, indicating some potential recovery.

The reported Price to Earnings (P/E) ratios provide additional context:

  • Toro Company (TTC): P/E ratio of 21.22 versus 20.20 industry average.
  • Science Applications International Corporation (SAIC): P/E ratio of 15.89 versus 61.40 industry average, indicating lower market expectations.
  • NIO Inc. (NIO): Strongly negative P/E ratio of -2.90, reflecting difficulties in profitability.
  • Korn Ferry (KFY): P/E ratio of 14.81, close to the industry average of 15.30.
  • G-III Apparel Group (GIII): P/E ratio of 6.95 compared with an industry average of 16.80, indicating potential challenges compared to competitors.
  • Shoe Carnival (SCVL): P/E ratio of 14.37 versus a very low industry average of 1.00.
  • Methode Electronics (MEI): Negative P/E ratio of -19.49 signifies significant operational issues.
  • VersaBank (VBNK): P/E ratio of 9.57 against industry average.
  • FuelCell Energy (FCEL): P/E ratio of -1.48 indicates ongoing struggles in the alternative energy sector.
  • Hooker Furnishings (HOFT): Extremely high P/E of 170.11, signaling major issues.
  • SecureWorks (SCWX): P/E ratio of -32.17 indicates market skepticism.
Stocks:  TTC SAIC NIO KFY GIII SCVL LE MEI VBNK FCEL HOFT SCWX